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How fiscal policy, increased public spending are shaping GCC economic resilience in 2025
Total public spending in GCC countries is projected to reach $542.1 billion in 2025
Lebanon: World Bank approves $250 million financing to support reconstruction in conflict-affected areas
The conflict in Lebanon is estimated to have caused total direct damages across 10 sectors at $7.2 billion
UAE’s FTA highlights importance of registering for Corporate Tax to benefit from key exemptions
The authority indicated that the exceptional condition for benefitting from the exemption applies only to the first tax period of the entity subject to tax
Addleshaw Goddard strengthens Middle East operations with new office in ADGM
The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East
Stock market today: Asian shares rise, dollar hovers near four-year low amid Mideast ceasefire
In the Asian stock market, Japan’s Nikkei rose 0.3 percent and Taiwan’s benchmark climbed 1.09 percent
Saudi Arabia closes June 2025 issuance of sukuk program at $627.8 million
The sukuk issuance was divided into five tranches, each with different maturities and sizes
UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025
Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024
Crude oil prices surge over 1 percent to above $67 amid Middle East stability
Concerns rise over the Strait of Hormuz, through which nearly a fifth of global oil flows
Dubai 24-carat gold price today rises to AED403.5 as dollar weakens, global prices up 0.2 percent
Spot gold was up 0.2 percent at $3,328.89 per ounce after recent lows
Emirates carries over 1.7 million passengers in past 2 weeks despite regional disruptions
Emirates activated its robust contingency and disruption plans, with no diversions and only a small number of cancellations
UAE issues guidance on process of double taxation relief
The guidance further clarifies the timelines in which taxpayers must make a MAP claim
